CPO Futures End Up Amid Favourable Export Data

CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives rose

almost 0.8 per cent yesterday amid favourable palm oil export numbers

for the first 10 days of May, dealers said.

At the close, the

May 2010 contract went up RM17 to settle at RM2,575 per tonne while the

June 2010 contract advanced RM16 to RM2,550 per tonne.

July

2010 climbed RM10 to RM2,529 and August 2010 increased RM9 to RM2,523

per tonne.

Overall volume, however, fell slightly to 14,450

lots compared with 15,151 lots transacted last Friday while open

interest rose to 65,676 contracts from 65,625 contracts previously. On

the physical market, May South went up to RM2,590 per tonne from

RM2,570 per tonne previously.

Source : Business Times

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